This Week in Forest Carbon:
Norway is ratcheting up funding for UN-REDD and other bilateral efforts, but 89 out of 99 countries signed up for UN REDD+ say they aren’t up to speed on measurement, reporting and verification. Meanwhile, Tasmania and Mozambique take illegal logging into their own hands.
Norway Keeps the Throttle Open
30 April 2012 |
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With Earth Day fresh on our minds... Brazil steals the spotlight with its delivery of the world's first reforestation tCERs a decade after project inception. The country's leadership in forest carbon markets could take on a new trajectory depending on the outcome of the vote on the controversial Forest Code reforms slated for this week (translation), as well as on Brazil’s potential to develop carbon market linkages, starting with Acre’s potential supply of carbon credits to Sao Paulo.
Norway is breathing life into REDD projects in Guyana, Tanzania, and Indonesia, with additional financing going to Nigeria and Ghana via UN-REDD and other bilateral efforts. We always talk about financing, but what about the underwriting? British taxpayers may have some beef with underwriting tree-planting efforts in China. Perhaps researchers from Australia and South Africa can help with their proposal to manage risk on REDD projects using tips from the insurance industry.
A report recently published in Environmental Science and Policy says that 89 out of 99 countries signed up for UN REDD+ have "very large or medium" problems achieving measurement, reporting and verification (MRV) requirements - in large part due to insufficient funding. Where developed nations cannot always provide financing, poorer countries may need to team up to share MRV capacity-building resources. In the Pacific Islands, a new regional policy framework is taking shape that allows collaboration and pooling of resources among both larger and smaller countries.
A report by the EIA highlights illegal logging shipments from Peru to the United States, raising questions over how to make regulations more effective and the role that REDD+ could play in curbing illegal logging. Tasmania and Mozambique take illegal logging into their own hands with their new MoU.
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